Irwindale Speedway/DragStrip reopeing
03-25-2012, 12:08 PM
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Irwindale Speedway/DragStrip reopeing
found this on another site!!!! looks like its going to reopen soon!
http://www.jalopyjournal.com/forum/s....php?p=7586907
Nu-Way Industries back in control of speedway
Track owner gains clearance after bankruptcy ruling
Keith Lair, SGVN
Posted: 03/20/2012 06:09:52 PM PDT
LOS ANGELES - The first hurdle for racing to return to Irwindale Speedway has been cleared.
Track owner Nu-Way Industries, Inc. has regained control of the track, considered by many the best short track in America, after a decision in U.S. Bankruptcy Court.
Jason Rund, the Chapter 7 trustee for Irwindale Speedway, LLC, ended the 33-year lease late last week. That frees Nu-Way to determine what it will do with the property, which includes state-of-the-art half- and third-mile gradually banked ovals and an eighth-mile drag strip. The lease was to expire on July 9, 2029.
L.A. Racing, which operates a racing school on the property and is not affiliated with Irwindale Speedway, LLC, has continued running its classes and programs since track general manager Bob DeFazio filed bankruptcy papers on Feb. 13.
"We're just trying to feel our way through," Nu-Way's Jay Garrett said. "We weren't able to do too much because the property was tied up with the bankruptcy. We can go ahead now."
On Tuesday in bankruptcy court, Rund, Nu-Way attorney Yi Sun Kim and Nu-Way's Jim Mnoian queried DeFazio in regards to bankruptcy issues.
Garrett said Tuesday that he and Mnoian, who have managed the families-owned property at 500 Speedway Drive for more than 4+0 years, have yet to determine what they will do, still citing the ongoing bankruptcy petition, which will be resumed May 3 after Rund evaluates the contents of an Irwindale Speedway, LLC-rented
storage locker and two safes.
"We would considered (selling) it, but we're not actively pursing it right now," Garrett said. "We have a lot of different avenues that we're pursing. We're trying to get a few other activities in there that will provide entertainment as well as racing. The phone has been ringing off the hook."
Garrett said that the pair have received hundreds of phone calls from parties interested in buying the property or entering into a new lease.
"(Racing) will take a little longer to get re-geared back up," Garrett said. "But there are a couple of leading candidates. We'll have to see what it has to take to put it together."
L.A. Racing owner Jim Cohen has been overseeing the property since the LLC vacated the premises. He has retained Bob Klein, who was the track's operations manager and supervised drag strip activities.
Garrett and Mnoian said one of the first things they want to accomplish is re-opening the drag strip. After Irwindale closed, drag racing at Auto Club Speedway in Fontana also ended because of a residential lawsuit, leaving Southern California drag racers without a place to race.
"It's locked, loaded and ready," Cohen said of the drag strip. "We know it's very popular."
Cohen said that drag racing may be held on both Thursdays and Saturdays.
In the meantime, Garrett said there are tentative plans for resuming filming - the facility is frequently used for television commercials - and for events such as drifting.
When racing resumes, he said it might not be on a weekly schedule.
"We might reduce racing a little bit so that it will be a little better attended," Garrett said. "Now that the property is released, we are in a spot where we can make some announcements."
But it will all still take some time, he said.
"I'll be glad when this is all over," Mnoian said of the court hearings. "It was unneccesary. They didn't have to do this."
Irwindale Speedway, LLC had filed papers indicating it was more than $331,000 in debt.
Most of Tuesday's 25-minute hearing centered on contents of a rented storage unit and two safes at the offices of LLC president Jim Williams.
DeFazio testified that computer equipment, time and scoring equipment, transponders, which determine a car's speed, pictures, video and newspaper clippings are in the storage lockers. He said that employee information was stored in the safes.
More than 1,200 gallons of racing diesel fuel is still in tanks on the facility, along with a few items, such as pressure washers.
Contact Keith via email, by phone at 626-962-8811, ext. 2242, or on Twitter @KeithLLair.
Read more: http://www.pasadenastarnews.com/news...#ixzz1poHePeo7
BangShift has learned that Nu-Way Industries, the property owner of Irwindale Speedway has regained legal control of the facility and that they have set their sights on getting the track operating again with a special concentration on getting the drag strip running as soon as possible. We have heard that racing may take place twice a week once the strip is opened again. We do not have a hard date on when this will happen, but by our understanding, Nu-Way wants it to happen ASAP.
A report in the Pasadena Star News confirms the conversations we have had with sources familiar to the situation and parties involved. The oval track will not be reopened with the speed of the drag strip and it is doubtful that a weekly program will be held there, but the plan is to have racing on the oval again in some capacity. The higher priority on that part of the operation is getting filming and rental revenue rolling again as the oval track is a very popular spot for television commercials and other types of media stuff to be filmed.
When we learn more about this situation, especially a time line of when the track will open again, we will update this story, but for now, that is some GOOD news for drag racers in the LA area. You are on the short road to having a strip again!
http://www.jalopyjournal.com/forum/s....php?p=7586907
Nu-Way Industries back in control of speedway
Track owner gains clearance after bankruptcy ruling
Keith Lair, SGVN
Posted: 03/20/2012 06:09:52 PM PDT
LOS ANGELES - The first hurdle for racing to return to Irwindale Speedway has been cleared.
Track owner Nu-Way Industries, Inc. has regained control of the track, considered by many the best short track in America, after a decision in U.S. Bankruptcy Court.
Jason Rund, the Chapter 7 trustee for Irwindale Speedway, LLC, ended the 33-year lease late last week. That frees Nu-Way to determine what it will do with the property, which includes state-of-the-art half- and third-mile gradually banked ovals and an eighth-mile drag strip. The lease was to expire on July 9, 2029.
L.A. Racing, which operates a racing school on the property and is not affiliated with Irwindale Speedway, LLC, has continued running its classes and programs since track general manager Bob DeFazio filed bankruptcy papers on Feb. 13.
"We're just trying to feel our way through," Nu-Way's Jay Garrett said. "We weren't able to do too much because the property was tied up with the bankruptcy. We can go ahead now."
On Tuesday in bankruptcy court, Rund, Nu-Way attorney Yi Sun Kim and Nu-Way's Jim Mnoian queried DeFazio in regards to bankruptcy issues.
Garrett said Tuesday that he and Mnoian, who have managed the families-owned property at 500 Speedway Drive for more than 4+0 years, have yet to determine what they will do, still citing the ongoing bankruptcy petition, which will be resumed May 3 after Rund evaluates the contents of an Irwindale Speedway, LLC-rented
storage locker and two safes.
"We would considered (selling) it, but we're not actively pursing it right now," Garrett said. "We have a lot of different avenues that we're pursing. We're trying to get a few other activities in there that will provide entertainment as well as racing. The phone has been ringing off the hook."
Garrett said that the pair have received hundreds of phone calls from parties interested in buying the property or entering into a new lease.
"(Racing) will take a little longer to get re-geared back up," Garrett said. "But there are a couple of leading candidates. We'll have to see what it has to take to put it together."
L.A. Racing owner Jim Cohen has been overseeing the property since the LLC vacated the premises. He has retained Bob Klein, who was the track's operations manager and supervised drag strip activities.
Garrett and Mnoian said one of the first things they want to accomplish is re-opening the drag strip. After Irwindale closed, drag racing at Auto Club Speedway in Fontana also ended because of a residential lawsuit, leaving Southern California drag racers without a place to race.
"It's locked, loaded and ready," Cohen said of the drag strip. "We know it's very popular."
Cohen said that drag racing may be held on both Thursdays and Saturdays.
In the meantime, Garrett said there are tentative plans for resuming filming - the facility is frequently used for television commercials - and for events such as drifting.
When racing resumes, he said it might not be on a weekly schedule.
"We might reduce racing a little bit so that it will be a little better attended," Garrett said. "Now that the property is released, we are in a spot where we can make some announcements."
But it will all still take some time, he said.
"I'll be glad when this is all over," Mnoian said of the court hearings. "It was unneccesary. They didn't have to do this."
Irwindale Speedway, LLC had filed papers indicating it was more than $331,000 in debt.
Most of Tuesday's 25-minute hearing centered on contents of a rented storage unit and two safes at the offices of LLC president Jim Williams.
DeFazio testified that computer equipment, time and scoring equipment, transponders, which determine a car's speed, pictures, video and newspaper clippings are in the storage lockers. He said that employee information was stored in the safes.
More than 1,200 gallons of racing diesel fuel is still in tanks on the facility, along with a few items, such as pressure washers.
Contact Keith via email, by phone at 626-962-8811, ext. 2242, or on Twitter @KeithLLair.
Read more: http://www.pasadenastarnews.com/news...#ixzz1poHePeo7
BangShift has learned that Nu-Way Industries, the property owner of Irwindale Speedway has regained legal control of the facility and that they have set their sights on getting the track operating again with a special concentration on getting the drag strip running as soon as possible. We have heard that racing may take place twice a week once the strip is opened again. We do not have a hard date on when this will happen, but by our understanding, Nu-Way wants it to happen ASAP.
A report in the Pasadena Star News confirms the conversations we have had with sources familiar to the situation and parties involved. The oval track will not be reopened with the speed of the drag strip and it is doubtful that a weekly program will be held there, but the plan is to have racing on the oval again in some capacity. The higher priority on that part of the operation is getting filming and rental revenue rolling again as the oval track is a very popular spot for television commercials and other types of media stuff to be filmed.
When we learn more about this situation, especially a time line of when the track will open again, we will update this story, but for now, that is some GOOD news for drag racers in the LA area. You are on the short road to having a strip again!
03-26-2012, 08:46 PM
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Re: Irwindale Speedway/DragStrip reopeing
also found this what looks to be a schedule
NEW SUPER SUNDAYS SCHEDULE AT IRWINDALE DRAGSTRIP
NEW “SUPER SUNDAYS” SCHEDULE AT IRWINDALE DRAGSTRIP
ALSO: First Of Special Friday Night Events Announced For June 21
Irwindale, Calif. - - The drag strip at Irwindale is rapidly becoming THE place to race and recreate for car people on Thursday nights … Those weekly Test-and-Tune sessions are part of an evening of low pressure racing action that's designed to get drivers - - and fans - - all “spooled-up” for the big Sunday events at the brand-new NHRA-sanctioned dragstrip located on the Southwest corner of the Irwindale Speedway facility. This is the new, updated official Sunday racing events, and supercedes and all previously published schedules.
Right now there are twelve special Sunday events lined up which will take place from May 19 through October 6. And more major drag racing Super Sunday events are a distinct possibility to be added, so fans are advised to: “stay tuned”.
Here's the new list of upcoming Super Sundays at the Irwindale Dragstrip:
May 19: Summit Series #3
May 26: Junior Drags #2 of 3
June 16: Summit Series Race #4
June 23 Junior Drags Division 7 Championships
June 30: Junior Drags Series Finals
July 21: Summit Series Race #5
August 18: Summit Series Race #6
August 25: DUB Import Drags/Car Show
September: 8 hotVWs Drag Day!
September 15: Summit Series Finals
September 29: Junior Drags
October 6: DUB Import Drags/Car Show
NEW SUPER SUNDAYS SCHEDULE AT IRWINDALE DRAGSTRIP
NEW “SUPER SUNDAYS” SCHEDULE AT IRWINDALE DRAGSTRIP
ALSO: First Of Special Friday Night Events Announced For June 21
Irwindale, Calif. - - The drag strip at Irwindale is rapidly becoming THE place to race and recreate for car people on Thursday nights … Those weekly Test-and-Tune sessions are part of an evening of low pressure racing action that's designed to get drivers - - and fans - - all “spooled-up” for the big Sunday events at the brand-new NHRA-sanctioned dragstrip located on the Southwest corner of the Irwindale Speedway facility. This is the new, updated official Sunday racing events, and supercedes and all previously published schedules.
Right now there are twelve special Sunday events lined up which will take place from May 19 through October 6. And more major drag racing Super Sunday events are a distinct possibility to be added, so fans are advised to: “stay tuned”.
Here's the new list of upcoming Super Sundays at the Irwindale Dragstrip:
May 19: Summit Series #3
May 26: Junior Drags #2 of 3
June 16: Summit Series Race #4
June 23 Junior Drags Division 7 Championships
June 30: Junior Drags Series Finals
July 21: Summit Series Race #5
August 18: Summit Series Race #6
August 25: DUB Import Drags/Car Show
September: 8 hotVWs Drag Day!
September 15: Summit Series Finals
September 29: Junior Drags
October 6: DUB Import Drags/Car Show
03-27-2012, 05:55 AM
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Re: Irwindale Speedway/DragStrip reopeing
Ive never been to Irwindale, but is there room to make it a 1/4mile? At least now I can take the race car for shake downs...
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03-27-2012, 08:08 PM
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Re: Irwindale Speedway/DragStrip reopeing
not the way it's configured now...I got the heads up from vw aircooled guys it was gonna re open on april 29th for a vw race.
